An automotive VVT system helps prolong engine life, as it adeptly improves performance, fuel economy, or emissions. Automotive VVT systems enhance combustion, enrich engine process, improve engine power, reduce fuel consumption, and reduce emissions. They help improve the emission regulator system and minimize ignition glitches in the spark plug, which are likely to lead to serious drivability issues. The VVT system also allows the usage of a smaller engine to achieve the same performance. These factors are expected to drive the demand for automotive VVT systems considerably during the forecast period. The components used in an automotive VVT system include timing solenoid, timing belt, timing idler/pulley, ECU, CAM, and actuators.
Emission from automobiles accounts for 28% of the overall greenhouse gases produced including carbon dioxide and methane, which hamper the environment. This hampered environment affects the health of human beings by propagating respiratory disorders. Regulatory bodies are enacting stringent norms on carbon emissions of automotive to reduce curb such situations and carbon emission. The VVT system helps change the valve timing according to the IC engine cycle. This lead to lowered carbon emission. This, in turn, is anticipated to boost the automotive VVT system market. Engine life is likely to improve due to a VVT system, as it helps maintain the proper cycle of the engine. Expansion of the global automotive VVT system market can be attributable toward the rapid expansion of the automotive industry, rise sales of passenger and commercial vehicles as well as increase in purchasing power of consumers.
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Rise in the emission of polluted gases, such as methane, increases the carbon footprint from the transportation sector, which has led to the development of battery electric vehicles. This in turn is estimated to restrain the IC engine vehicles market during forecast period. The function of the VVT system is directly related to the IC engine of the vehicle and any impact on the IC engine is likely to hamper the automotive VVT system market. The automotive VVT system market in some regions is expanding at a moderate pace, owing to minimal usage of VVT system in battery electrical vehicles. This, in turn is expected to hamper the demand for VVT systems.
However, maintenance of components of the VVT system, as it is incorporated in the heat affected zone, and introduction of battery electric vehicles in certain regions are restraining factors that are anticipated to hamper the automotive VVT system market during the forecast period. The global automotive VVT system market is anticipated to expand at a CAGR of more than 4% between 2018 and 2026.
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The automotive VVT system market witnesses the presence of a few major players, as manufacturing of VVT systems is a complicated and expensive affair. Numerous regional players manufacture the components required for the VVT system. These players dominated the market for particular application and aftermarket segments. Major players operating in the global automotive VVT system market include Johnson Controls, Inc., Mikuni American Corporation, Aisin Seiki Co. Ltd., Camcraft, Inc., Federal-Mogul LLC, Eaton Corporation, Hitachi Automotive Systems, Mitsubishi Electric Corporation, Robert Bosch GmbH, DENSO Corporation, Schaeffler AG, Honda Motor Co., Ltd., BorgWarner Inc., and Toyota Motor Corporation.
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